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CNBC
Jan 28, 2010 3:00pm EST
the industrial base in the united states that are ready and right to be deployed more sufficient there efficiently and yet not ready. >> clark, david, thank you very much. michelle, back to you. >>> ford had great news today. the car company report the its first profit in four years. at the same time rival toyota extended its massive recall to china and europe. cnbc's phil lebeau is in dearborn, michigan, with all of the details on the two companies. phil? >> reporter: michelle another, been three years since alan mulally took over in ford and in those three years he promised that eventually the company would get back in the blackwell it is back in the black. the earnfrgts fourth quarter, 17. cents better know that the street was expecting. revenue, about $2 billion than wall street was forecasting. for ford, this is proof that the moves that alan mulally made as ceo are paying off. here's what he had to say earlier today on "power lunch." >> the guidance we gave today, phil, was exactly that, that not only would be profitable as a company but we'd also be profitable for all auto
CNBC
Jan 14, 2010 3:00pm EST
jobs here in the united states, we're going to have to export to china, we're going to export our idea, intellectual property and i know that's an important -- that job's creation aspect is important here in the u.s. and we're working with government and everybody else on that dimension. >> steve, let me get your take on what's going on today. there obviously was a hacking situation, major story for google. and there's a report out from mcafee right now that says that google hackers exploited a flaw in the internet explorer to break into the network of google as well as other companies. researchers from mcafee are saying that. what do you know about this and the internet explorer? >> i know that the report exists and i know that we've got a great team of people who respond realtime. you know the cyberattacks and occasional vulnerabilities are a way of life. if the issues with us, of course, we'll work through it with all of the important parents. >> in terms of next steps, how are you approaching this? >> well, we approach -- this is not -- we need to take all cyberattacks, not just th
CNBC
Jan 26, 2010 3:00pm EST
is looking at is an ongoing process of debt deflation in the united states to a lesser extent in europe. he may not be taking into account what is happening in china, a massive amount of credit expansion. the concern about a more intensified debt deflation, the jury is still out on that. we are aware of that, we are following trends in credit. we don't see anything in the data that would cause us to follow his lead. we are mindful of what he is saying and watching that data carefully as it comes across. >> rich weigh in on what has happened in the market. what triggered the selloff? >> in part a continuation of last week where the s&p 500 market calculation lost $400 billion. the fact is after last year trajectory the s&p went from under 700 to over 1,100 from last march. we are in a chopping period. folks seem very much on the economy, looking at higher unemployment, washington not giving a full endorsement to ben bernanke's reconfirmation. a lot of uncertainty going forward. >> at this point then kevin, how would you play this? i mean prechter recommended safety but we are not
CNBC
Jan 4, 2010 3:00pm EST
, united states and part of what i like about it is it did not do very well in 2008 because people were concern about 2009 -- sorry, we're in 2010 now. and people were concerned about spending and i think huge spending on both water and some of coal which you may not like environmentally but at least they're trying to do some cleaner versions of it so i like them for the year and i like that sector. >> which parts of the world? i mean you said it is global and got operations pretty much everywhere. where does itting in particular? >> it doesn't. a lot in the middle east, does both water structure, i think does some desalination plants and it also does coal, gasification plants, liquefied natural gas, which is very big in asia as well as in the news. >> so it sounds like got a pretty strong green component, of course will be a big theme, i'm guessing, betting for this year. >> yes. >> broad com. >> broadcom oddly enough i like because i like apple and you may ask why not just buying apple? the problem with apple is everyone buys apple and at some point apple's risk reward because they've
CNBC
Jan 7, 2010 3:00pm EST
is swinging a little bit. i saw the yen went down again today. and in the united states, we're pushing towards an export strategy versus an import strategy. it all affects retailers and everything else. but there's no clear -- there's no clear decision from any central authority about which way is best to go. everybody's playing it a bit by ear because everyone's saving and we obviously don't want people to save but that's very selfish of us -- of us marry retailers. >> sure. the strong yen has been an issue. byron was on "closing bell" earlier this week from the blackstone group and high made the prediction in his ten surprises that he thinks that japan will be the best performing global market in 2010. what are you seeing in terms of japanese consumers? what do you need to see in order to get real optimism on japan right now. >> well, i'm amazed -- i'm happy to say that byron said that. i like to invest. but it's funny, given the high yen which is now showing signs of moving, japan now has to decide how to balance its need for imports to encourage spend from the consumer, and
CNBC
Jan 15, 2010 3:00pm EST
backed by their governments, the banks in the united states are decreasing in size because their government has taken an antibanking stance. that antibanking stance is not going to help the u.s. economy in any way, shape or form. >> all right, gentlemen, thank you. enjoy your long weekend. gear up. we've got a busy week ahead next time. >> yes we do. >> thanks so much. >> scott, over to you. >> okay, sue, thanks so much. >>> we've been hearing throughout the day today how financial firms are doing their part in that haiti relief effort. i just want to update everybody that the nyse euro nex is donating to that relief effort. 20 minutes to go before the closing bell. the dow jones industrial average is just showing a 99-point loss. off of the worst levels of the day. clearly nasdaq is under pressure and really has been throughout the day on the back of a pretty good report, sue, from intel after the bell yesterday. nonetheless, it's a sell on the news picture here today. >> yeah, it sure it. the volatility index is really surged today. it had been doing so well. but it's up 4.5%.
CNBC
Jan 27, 2010 3:00pm EST
be the next treasury secretary of the united states of america. this was the guy who was the indispensable man. the guy we had to have in spite of the fact he didn't pay his taxes, in spite of all, he was the guy we there to have, he's so important and yet he's not there exercising the influence in how this information was disclosed and he wouldn't answer the question. did he think that the folks at the fed, who suppose lead did make this decision to hold off in disclosure, he wouldn't even say whether he supported their decision or not. he backarg way from that completely. this is the treasury secretary of the united states, he didn't pass his smell test. >> what do you think should have been done as a result of that? do you think that he should stay in his position. >> i think that the american people will weigh in on that decision and obviously it's up to the president of the united states and i don't think that he helped himself out at. we had secretary paulson in front committee too. he sold to congress when this whole thing started that this the t.a.r.p. program was to
CNBC
Jan 25, 2010 3:00pm EST
that you were champing at the bit. quick. >> it will drive money into the united states. fuel are rally and strengthen the dollar. >> i got you. okay so tell strengthen the dollar over what sort of time frame? >> it will and the risk spread that people are talking about with the risk of corporate bonds going up, i don't see it in the market. bond prices are not falling. >> okay good last thought. catch you down the road. certainly a market ahead by 72 points. we have about 45 points to go. apple earnings obviously in focus coming right after the bell and texas instruments obviously going to be closely watched as well. >> that's right and apple shares are hire right now ahead of its first quarter earnings report but should you be buying or selling the stock ahead of those results? answers in just a moment. >> and banking analyst dick bove warns that the stock market could crash if president obama gets his way on financial reform. ee will tell us exactly why coming up. >>> and then coming up after the bell, cnbc is your home for earnings central. ow expert team will bring us instant
CNBC
Jan 8, 2010 3:00pm EST
right now, the united states, the nation that pioneered the use of clean energy, is being outpaced by nations around the world. it's china that has launched the largest effort in history to make their economy energy efficient. we spearheaded the development of solar technology, but we fallen behind countries, like germany and japan, in producing it. and in almost all of the batteries that we used to power our hybrid cars are manufactured in asia. though the steps like the one that we're taking today are beginning to produce more of these batteries here at home. now, i welcome and am pleased to see a real competition emerging around the world to develop these kinds of clean energy technologies. competition is what fuels innovation but i don't want america to lose that competition. i don't want the industry's that yield the jobs tomorrow that are built overseas. i don't want the technology that will transform the way we use energy to be invented abroad. i want the united states of america to be what it has always been, and that is a leader, the leader when it comes to a clean energy fut
CNBC
Jan 13, 2010 3:00pm EST
, december beige book report, showing continued economic improvement across the united states. ten of the 12 fed's districts improving conditions. that's up from the eight districts showing signs of the recovery from the last report. >>> overall manufactures are optimistic. labor market showed continue signs of weakness. >>> the deficit grew by nearly $92 billion for the month. that's up nearly $30 billion from last year and marks a december record. it is the 15th consecutive month the deficit continued to grow. also another record. >>> bank of america cut the cash portion of its bonuses to its banker. the remainder of the bonus will be linked to the bank's stock performance. >>> overseas' investors are seeing strength out of japan this new year. take a look at chart. the topics, clearly outperform think the s&p 500 so far. up 4% against two for the american market, i have to say to you that the topics was the worst performing of the major stock markets. 40 of them last year, but let's see what this signal's about. this year global recovery, and more importantly, of course, the roa
CNBC
Jan 6, 2010 3:00pm EST
the united states and that is very good news for google. of course the company behind the android operating system. still it's not clear how much of a competitive threat dell will be with its smartphone entry. a company that is rather johnny come lately to all of this. we'll see how it all plays out. but bigger news is the big push by at&t, as far as the android operating system is concerned. those five new handsets and now of course supporting palm and the web o.s. we'll keep an eye on the details and bring them to you as they continue to develop. that's it from here at ces. back to you. >> jim goldman, thanks so much. >>> bring you up to date as well on another item. crossing from reuters that microsoft and hewlett-packard will unveil a tablet computer. it is clearly game on in the tech space as a lot of anticipation around a possible pending tablet coming from apple as well. 2010 -- >> it's name. the techie blogs are saying. >> 2010 will be the year of the smartphone. let's be honest here. talk about commodities, up again today. metals risings. platinum as well. you have copper
CNBC
Jan 12, 2010 3:00pm EST
, especially in communications that have been well reinforced by other markets especially the united states funding vehicles. if you like risk appetite and change your dynamic of a little to a lot i watch these. i emphasize those steep the slope higher, i still believe there is much more rich emphasis on how they can perform of all of 2010. >> michael, let me ask you this, as far as participating in the growth, through etfs, commodity plays? how is the best way to participate for the growth out of those regions. >> sector plays into those type of areas can be difficult but the most rewarding. i have no problems using the index themselves. to composites, especially in taiwan. the basket of all the major companies comprised in that index. down in south africa. only 40 companies but mining will produce much more down there because they were the last country to go into a recession. i'm looking at larger baskets, preferably the index. if you do that, you get a little bit more of a bang for your buck if the currency performing well. versus the dollar all the ones mentioned will follow that
CNBC
Jan 22, 2010 3:00pm EST
outside of the united states with biogen idic, in addition, elan makes this drug, ticker eln, for acorda therapeutics. has won new approval for its new fda drug. >> my, thanks so much. hard to believe that we're already about 1/5 of the way through earnings season. back with us now, a look, we need the number, cnbc's matt nesto, doing the old number crunching. >> reporter: yeah, we're going to call it the earnings/learning curve, maria. >> okay. >> reporter: take a look at the performance of the s&p, alcoa to date, you're down almost 5% during the fourth quarter earnings season. of course it's worsened up here in the last hour. but take a look at the scorecard according to thompson/reuter 92 members of the s&p 500 insofar. so far the earnings are up 193%. that is actually a little bit better than expected. 78% have beat estimates by an average margin of 21%. and the materials, the industrials and the financials are proving to be twice as likely to actually miss their estimates. if you look at market performance, not earnings performance, the groups that are winning are the health
CNBC
Jan 20, 2010 3:00pm EST
spent by consumers. the rest is exports. so the opportunity to migrate like the united states you at 50%, 60%, 70% is consumer spending in the u.s. >> but do you see an impact, if we were to see the chinese government pulling further in terms of bank lending? is that going to put something of a damper on the consumer in terms of her spending? >> naturally, it could. however, it's the chinese government's been very strategic. it's, as you know, it's a command-led economy. and we do believe the market's going to continue to flourish and brands like coach will flourish along with it. >> what's the weaker area right now? is it still europe? >> it's japan actually. >> japan. >> for luxury goods. the market actually fell in calendar 2009 by 15% to 20%. we actually enjoyed increased market share but it was a struggle because we have to take shares from other people. our sales were basically even. >> you just mentioned the poppy brand. tell me why that's important. >> it's a light-spirited collection that appeals to a younger consumer. where we've been underrepresented. and it has legs. i
CNBC
Jan 5, 2010 4:00pm EST
to the united states. we've seen some of that out of the news today already. i think the main point of the president's statement today is to out talking about this issue and getting the message straight on this so that they project that action is taking place and the president takes the issue seriously. >> that is a prescient point. the president and his team have been attacked in recent days on perhaps not being hard enough on the issue of security. what exactly are you hearing on the ground about that? >> mandy, i think the point here as tony alluded to, is to project an image of toughness and accountability for this president. this president came into 2010 with a whole plateful of political problems. the last thing he needs extends debate on surt and questions in the mind of voters playly getting ready for the elections. the steps have largely been taken. he will talk about what he heard in the meeting with advisers and cabinet members. it is saying he is sternly in charge of the situation. >> tony, even if he comes out with a list of more yours they want to implement. to what ex
CNBC
Jan 14, 2010 4:00pm EST
investment deals in infrastructure. in california, the united states, and in the developed markets around the world. infrastructure provides a lot of interesting opportunity, steady and inflation-protected return that will generate -- generate reasonable and safe returns over the long haul. look, we're, as you said, we're in the market all the time. our equity view is, the markets are going to continue to move up. but they're not going to go up as well as they did in 2009. we're overweight equity. maintain that position for a while. very interested in the developing and emerging markets in terms of the growth potential there. obviously a great year in 2009 but we still see further, better growth in those markets. in fixed income, we like corporates. treasuries for a while, and although things will turn when rates start to move up, whenever the fed takes that action. and in private equity, we're looking to put more money to work this year. something in the order of $3 billion in new investments, into private equity. and finally with respect to real estate, this has been really tough for us
CNBC
Jan 11, 2010 4:00pm EST
world, like china and india and also about you know innovative strengths of the united states. >> particularly in germany, obviously we're still seeing that invasinovation coming quit quite strong. tell me what your thoughts has been on the stimulus packages that we've seen. have they been effective? >> we wish them to be even more effective. many of the promised numbers are still to come as we're looking forward to make a meaningful contribution. we've seen some very exciting packages being rolled out, like the renewables package in the united states. and we continue to look forward to making a meaningful contribution. >> what are the risks to the business in 2010 right now? so many people worry about a whole host of things, whether it's taxes or you know the regulatory changes coming out. what do you think are the most important risks facing siemens in 2010? >> as far as 2010 is correspond, we need to manage through our typical late-cycle business. so we expect that 2010 to be the trough for our company. and need to make sure that we're getting really, really ready for 2011 and 2012 when the
CNBC
Jan 27, 2010 4:00pm EST
overall, still tough in the united states and europe. and the same situation with the united technology, china's resumed growth in both businesses. developed world still weak. boeing, an impressive quarter. very solid commercial revenues. people like that and although early ork the outlook was viewed as a bit disappointing. traders turned that around fairly quickly. melissa, back to you. >> all right, thanks so much. >>> and all of that, the dow and the s&p and the nasdaq all ended the day in positive territory. let's go to matt nesto. he's got some breaking news on qualcomm. matt, what do you. >> reporter: yeah the biggest company reporting in the after-hours about an $80 billion market cap and now 4%, 5% lower after coming in way first quarter earnings per share that was fine, 62 cents versus a 56 estimatep. revenue was light though. and that's beginning of the problems, folks. they reduced their second quarter and full-year estimates at $49 to $53 is what they see for the second quarter. that is at least four cents lower than a 57 estimate and their revenues look light as
CNBC
Jan 28, 2010 4:00pm EST
reappointed but in the wake of the crisis we've rethought everything here in the united states about our financial system and our political system. are we going to move on here show you -- show you how we finished the day on wall street? it was a pretty tough session throughout. the dow jones industrial average lower by 115 points, 10120. off of the lows of the session but certainly off of the highs as well. the nasdaq got slapped around as well, lower by 2%, down 42 points, 2179. and the s&p 500 was lower by about 13 points. that's a decline of more than 1%. 1084. a lot of technicians very focused on the 1085 level. and if we broke through that and did not hold that could lead to even further selling. we'll discuss that throughout the program here. >>> other news that we're waiting for, amazon.com and microsoft earnings are just moments away. we're going to get a preview of what to expect with our very own jim goldman and also jane wells and also joined by walter price, he manage -- and president and founder of endpoint technologies. jim goldman ustart it off. what we are expecting here
CNBC
Jan 29, 2010 4:00pm EST
now are in the united states, canada, north america and in asia. so both of those areas present a lot of very interesting opportunities. >> and when you're looking -- when you're on the ground in asia, where do you see the most vibrancy? we talk about china so much and some people question whether or not we can believe those number, 10.7 economic growth. is that what you are seeing when you are on the ground in china and is asia that you are looking. >> there are many places in asia. i think that's a limited approach. for example, we like india a lot. we've owned -- we own approximately eight companies now and right you in the middle buying two more. the indian growth story is really, really strong. china, of course, is really sort of on fire now. it's strong but it's got a lot of stimulus that's creating that strength but people are very aggressive, intelligent and it's clear that the leadership of the country is going to try and keep that growth rate at least in the 8% to 10% year-end. >> reporter: you say that the leverage is increasing. you can talk to us about the structure about
CNBC
Jan 22, 2010 4:00pm EST
substantial. now the department of homeland security here in the united states is saying in effect that the move across the atlantic by the british is raising the level to the level that really obtains here in the united states and has since the u.s. raised its airport security level last week, a couple of weeks ago in response to that attempted bombing on christmas eve of the airliner as it landed in detroit. and so the u.s. clearly not indicating that they are inclined to raise the terror alert level here any, but that the uk is in effect catching up with the situation here in the u.s. now let's change gears, sharp right turn to the ak filing by morgan stanley confirming that ceo john mack has recommended he received no bonus for 2009. mr. gorman has recommended he get no cash bonus and that any 2009 bonus will be in deferred compensation and that 75% of the operating committee members will get their year-end pay whatever it happens to be as deferred comp. back to you. >> thanks very much. rich peterson tells me that this week we saw a deterioration of $400 billion in market value. th
CNBC
Jan 25, 2010 4:00pm EST
united states. >> yeah. >> the tax code is a big one. you know figuring out what to do with tax extenders, death tax, i mean you can kind of go on down the list. get more information not necessarily on wednesday with the state of the union but when obama releases his budget in february and then we'll know what his plans are effort from of the year and that'll be very helpful. >> guys, thanks so much. we have on run. >> you bet. >>> up next, tell you why one autopartsmaker is one of the top performing stocks in the s&p 500. tdd# 1-800-345-2550 investors got lost in the shuffle. tdd# 1-800-345-2550 investment firms forgot whose money it is. tdd# 1-800-345-2550 enough is enough. tdd# 1-800-345-2550 it's time investors got what they deserve. tdd# 1-800-345-2550 real help that's there when you need it. tdd# 1-800-345-2550 pricing that leaves you with something to actually invest. tdd# 1-800-345-2550 at schwab, we offer a lot more help for a lot less money. tdd# 1-800-345-2550 because at schwab... tdd# 1-800-345-2550 investors rule. tdd# 1-800-345-2550 are you ready to rule? this is n
CNBC
Jan 12, 2010 4:00pm EST
hard by the news from china amid forecasts for mild weather across much of the united states. crude oil closing below $81 a barrel. coming up, the outlook for the biotech interest with an exclusive interview with gilead ceo john martin. and hyatt hotels executive tom prisker on the state of the travel and leisure industry. the dow jones industrial average on the down side by 37 points, well off the lows of the afternoon to close down 0.3%. s&p down 10 points, 1136. nasdaq lost better than 1% to finished at 2282. more action from scott whopner. >> you could point to a number of different stories. add them together and the markets are under pressure today. started after the closie ining yesterday after the disappointing results from alcoa. material stocks under pressure throughout the day. i'm not just talking about aluminum stocks but steel and mining stocks under pressure as well. you see that move to the downside. down 11% for alcoa. look at the material stocks as well. the weakest performers in the market, you saw names like aluminum corp of china, nucor and freeport-mcmoran. shar
CNBC
Jan 4, 2010 4:00pm EST
all of the retailers here in the united states. but welcome to the "closing bell," everybody. i'm amanda drury. i'm standing in for maria bartiromo, where the dow, the s&p 500, both of them kicking off the year at 15-month highs. we'll have much more on the markets in just a moment's time. >>> first, though, our team is covering today's top stories. >> reporter: big pharma right out of the gate, but why did the stock of the company being bought take a tumble today? i'll have that story coming up. >> reporter: gives a cautious outlook on the u.s. economy and gives thanks to u.s. taxpayers. >> reporter: cable broadcasters and programmers are fighting over how much content is worth. time warner cable and noose corp may have worked out a deal but cablevision and scrips are still battling it out with hdtv and food network at stage. >> okay take a look at how we finished the day on the wall street, the final numbers, if my eyes don't servely bad low the dow is hitting 10583 with the gain of 1.5%. the nasdaq at 1.7% to the upside, 2308 is the score. and 1.6% pop for the s&p 500, sitting
CNBC
Jan 15, 2010 4:00pm EST
of haiti into the united states. and in washington, house members are trying to make donations to the relief effort tax deductible. here's just some of the latest efforts as rescuers continue to work around the clock in the areas hardest hit by that earthquake. it is a tragedy made worse by รง haiti's economic situation. the country is the western hemisphere's poorest. 80% live under the poverty line. so what are the prospects for an economic recovery there? we get more from our cnbc contributor, greg is the chief political strategist with patomic research group. tony fratto is the managing director at hamilton place strategies, a former white house deputy press secretary. gentlemen, it's good to see you. >> you bet. >> tony, i will start with you. >> sure. >> because you've been to haiti a number of times and one of the times is when you were working in a government capacity there. >> yeah. >> from what you've seen, obviously this is a trajdefer enormous proportions but as the aid comes in, is there, perhaps, an opportunity for the nation to restructure in a viable way economica
CNBC
Jan 7, 2010 4:00pm EST
peninsula, that we knew that they sought to strike the united states and then that they were recruiting operatives to do so. the intelligence community did not aggressively follow-up on and prioritize particular streams of intelligence related to a possible attack against the homeland. second, this contributed to a larger failure of analysis. a failure to connect the dots of intelligence that existed across our intelligence community and which, together, could have revealed that abdulmutallab was planning an attack. third, this, in turn, fed into shortcomings in the watch-list system in resulted in this person not placed on the no-fly list, thereby, allowing him to board that plane in amsterdam for detroit. in sum, the u.s. government had the information scattered throughout the system to potentially uncover this plot and disrupt the attack. rather than a failure to collect or share intelligence, this was a failure to connect and understand the intelligence that we already had. and that's why we took swift action in the immediate days following christmas, including reviewing and updatin
CNBC
Jan 6, 2010 4:00pm EST
. moreover, the united states is still running very large trade deficits. if anything the dollar is still a bit overvalued with respect to the euro and the other key currencies. so it's simply fatuous on the part of sarkozy and others to say the dollar is weak. if there is any disequilibrium. and the chinese, themselves too weak and the dollar itself overvalued. >> would ahgree with that, that the dollar is overvalued against some of the currencies just mentioned? >> yeah i would agree actually with what fred said in terms of characterizing the dollar in general. looking overvalued in relation to the likes of the chinese renminbi. some other european currencies. it's not a huge surprise of course to see the likes of french politicians talking about the dollar being too weak. this is really nothing new. there's a perception that mercantilist policies are sometimes pursued in the u.s. but as fred rightly points out, the -- u.s. are not exactly great. that would in fact justify a weak dollar. >> indeed. a weak dollar is one thing so long as it is an orderly weakness, if you get what i mean. an
CNBC
Jan 13, 2010 4:00pm EST
harder for firms to retain talent or cause these firms to flee the united states? here's representative frank. >> i want to look at compensation. now in the broader -- in the broadest context. it's a national competition. whether or not you're going to have people going into different industries, whether or not if this is a strength on somewhat of what they do, if that is a bad thing. you know i continue to wonder what it is about the character of the people in that industry that says if they're being paid large amounts of money and need to get extra bonus jes frank said no one is talking about comping pay and also acknowledge the that the government is limited in what it can do in this area. speaking of compensation, some details emerging today about what bank of america's employees can expect at bonus time. a source close to the bank confirming reports the up-front cash portion of the bonuses -- of the bonuses for junior bankers will be doubt an average of 25%. for senior bankers 5% to 15% of their bonus total. well below the 50% in cash for most of the banks employees
CNBC
Jan 19, 2010 4:00pm EST
world in terms of when we may see higher rates? for example, the united states. are you expecting bernanke to move on rates in 2010? >> i think they will withdraw stimulus gradually and at some point reach the interest rate, probably sometime this year. it's always dangerous to forecast what our colleagues are going to do. >> reporter: a lot of people worry in the u.s. about the exit strategy and how tough or easy it will be to unwind the programs once they have begun. are you concerned about that a? >> it's not technically difficu difficult. they bought assets. they have to sell assets to take liquidity out of the system. you're sort of running on the edge of the fact that it's a fairly delicate recovery. may still be fragile. you don't want to take the stimulus away toooon.s on the other hand, there is all the fear that asset prices are rising too fast. so they're going to have to come to some balance. but that's what monetary policy is always about. so you have to rely on them to get the balance about right. i have a lot of confidence in the fed. >> reporter: you have been aske
CNBC
Jan 21, 2010 4:00pm EST
. all these financial jobs would migrate out of the united states and to europe. >> maria, an interesting point. change in strategy or tactic of how the administration is making -- or doing banking reform. they put out a white paper in june, it went into the house, it went into the senate. they were letting that process play itself out and now all of a sudden kind of stepping in front of the process and try to get going on these other ideas. i would say that having to try to sort of work all day, maria, find the details behind this proposal, there are precious few right now. >> yeah. >> reporter: and trying to understand what the administration, it seems like this -- whatever decision they had may be come to for good reasons, they rushed out for political reasons. >> yeah, well maybe they rushed out for political reasons just on the reasoning that jarrett just mentioned to put some noise out there on the heels of the discussion that health care bill might be dead, or certainly severely impaired. let me ask you for solutions and sort of alternatives to what we're hearing right
Search Results 0 to 29 of about 30